Answer the question below:

Each week, Ron, Erin, and Caesar select the quantity of two goods that they will consume in order to maximize their respective utilities. They each spend their entire weekly income on these two goods. 1.) Suppose you are given the following information about the choices that Ron makes over a three-week period: Ron Quantity Price Bread Wine Bread Wine Income Week 1: 10 20 40 Week 2:7 19 C C N 40 Week 3: 8 31 55 Did Ron's utility decrease or increase between week 1 and week 2? Between week 1 and week 3? Explain using a graph to support your answer.2.) Now consider the following information about the choices that Erin makes. Erin Quantity Price Clothes Bread Clothes Bread Income Week 1: 10 20 40 Week 2: 6 14 N N - NNN 40 Week 3: 20 10 60 Did Erin's utility increase or decrease between week 1 and week 3? Does Porthos consider both goods to be normal goods? Explain.3.) Finally, examine the following information about Caesar's choices. Caesar Quantity Price Beer Bread Beer Bread Income Week 1: 12 24 2 1 48 Week 2: 16 32 1 1 48 Week 3: 12 24 1 1 36 Draw a budget line-indifference curve graph that illustrates Caesar's three chosen bundles. What can you say about Caesar's preferences in this case? Identify the income and substitution effects that result from a change in the price of beer